Education Tips: Author of a bestselling SAT prep book and partnered with Mark Cuban after from Shark Tank.
Strawberry Letter
iHeartPodcasts
4.5 • 1.7K Ratings
🗓️ 28 April 2026
⏱️ 33 minutes
🧾️ Download transcript
Summary
Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. Shaan Patel.
Founder and CEO of Prep Expert, a leading online test prep company. The conversation explores Patel’s journey from struggling test-taker to perfect SAT scorer, bestselling author, and successful entrepreneur. He shares how his personal experience inspired a mission to help students unlock scholarship opportunities and academic success.
👨🏽🏫 About Dr. Shaan Patel
• Founder & CEO of Prep Expert
• Scored a perfect SAT after self-study
• Secured over $500,000 in scholarships
• Partnered with Mark Cuban after appearing on Shark Tank
• Author of a bestselling SAT prep book published by McGraw-Hill
💡 Key Themes & Takeaways
📚 From Side Hustle to Scalable Business
• Started Prep Expert in college dorm room
• First course led to 376-point average score improvement
• Grew from local classes to a national online platform
• Now serves over 100,000 students with $100M+ in scholarships earned
💻 Online Learning & Accessibility
• Offers live, online SAT/ACT prep, tutoring, and admissions consulting
• Courses taught by 99th percentile instructors
• Emphasizes interactive, classroom-like experience with office hours and support
• Adapted quickly to online learning post-COVID
🎯 Mission-Driven Education
• Brand motto: “Change your score, change your life”
• Teaches life skills like time management and goal setting
• Aims to eliminate student debt through scholarship access
• Long-term goal: Help students earn $1 billion in scholarships
📈 Entrepreneurial Lessons
• Faced early rejection from publishers before landing a book deal
• Used storytelling to stand out on Shark Tank
• Built brand through word-of-mouth and authenticity
• Now generates 2M+ annual website visits
🌟 Vision for the Future
• Expand impact through scholarships and mentorship
• Continue empowering students to achieve academic and financial freedom
• Promote meritocracy and the American dream through education.
#SHMS #STRAW #BEST
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Transcript
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| 0:00.0 | This is an IHeart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:04.3 | Welcome to my show. |
| 0:05.6 | I'm Rishon McDonnell, the host of Money Making Conversations Masterclass, where we encourage |
| 0:09.8 | people to stop reading other people's success stories and start planning your own. |
| 0:14.1 | Now, you don't want to miss an episode, so please take a moment right now to follow or |
| 0:18.2 | subscribe to Money Making Conversations Masterclass. |
| 0:21.4 | It's free. |
| 0:27.0 | You can follow me on IHeartRadio app, Spotify, Apple Podcasts, or wherever you listen to your podcast. New Money Making Conversation Masterclass episodes drop daily. I want to keep you on alert |
| 0:32.9 | because my guests provide tips on how you can uplift your community, improve your |
| 0:37.0 | financial planning, motivation, or advice on how to be a successful entrepreneur. |
| 0:42.2 | Now, let's get this podcast started. |
| 0:44.4 | My guest is the founder and CEO of Prep Expert. |
| 0:47.8 | Prep Expert has helped more than 100,000 students improve their SAT and ACT scores, get into top colleges, and went over |
| 0:56.6 | this. Check this out. $100 million in scholarship. Prep expert offers online SAT and |
| 1:03.7 | ACT courses, academic tutoring, and college admissions consultant. Please welcome to money-making |
| 1:09.8 | Conversation Masterclass. When you say |
| 1:11.5 | 100 million, he is a money making conversation masterclass guest, Dr. Sean Patel. How you doing, |
| 1:18.7 | Sean? Hey, Rashan. How are you? Happy to be here. Thanks for having me. Okay, when did this all get |
| 1:24.6 | started, prep expert? How did this get out of that mind, that brain? |
| 1:28.5 | What initiated that thought process? Prep expert. |
| 1:32.2 | Great question. So this actually started off as a side hustle for me and turned into a seven-figure business now. |
... |
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